Got it โ $LAB setup youโre watching ๐
*$LABUSDT Perp โผ1.2208*
*Your plan:*
- *Entry*: 1.24 โ 1.30 ๐ข
- *TPs*: 1.80 โ 2.60 โ 3.60
- *SL*: 0.22
Thatโs a wide SL but also a big R:R if it plays out. After a massive sell-off, bounces like this usually need 2 things to confirm:
*Things to watch for confirmation*
1. *Volume*: Needs a volume spike on the bounce off 1.24. No volume = weak recovery.
2. *Structure*: Flip 1.30 into support. If it reclaims and holds, TP1 1.80 is the first resistance zone.
3. *BTC/ETH*: Alts with big drawdowns follow BTC strength. If BTC dumps, $LAB likely retests lows first.
*Risk note*: SL at 0.22 is โผ82% down from entry. Thatโs a high-conviction, high-risk trade. Make sure position size fits that.
Iโm not a financial advisor, so do your own research and manage risk.
Are you already in, or waiting for a 1.24 retest to enter?
#Lan